Tag: FX ADV

FX ADV

Primary FX Venues See Volume Drop

The primary FX venues have reported a year-on-year decline in spot FX volume, however the news was slightly more positive on a month-on-month basis. CME Group says that it handled notional value of $102.7 billion per day in September, an 8.3% decline from September 2018 but a 29.3% increase from August 2019 – reflecting September’s […]

EuronextFX Hits New High for the Year as FX Volumes Rebound in August

The rising heat around the trade war and general volatility in exchange rates saw CboeFX and Euronext FX volumes rebound strongly from a poor July. CboeFX says it handled $33.1 billion in spot volume per day in August, a 20.3% gain from July and fully reversing the drop in that month from July. Year-on-year, CboeFX […]

Primary FX Venues Suffer Steep Drops in July

Three primary trading venues in the FX market saw volumes decline sharply in July, to reinforce last week’s reported drops from other platforms. CME Group says its EBS platform handled average daily volume (ADV) of $67.6 billion, a 21.4% decline from June and 17.5% down year-on-year – only April of this year was quieter. In […]

FX Platform Volumes Drop in July

The first group of FX platforms to report average daily turnover (ADV) for July indicate that volume in the market dropped sharply from June, however year-on-year data was slightly better. FXSpotStream reports ADV of $36.3 billion in all FX products, a 14.2% drop from June but a very healthy 31% increase from July 2018, while […]

Primary Venues See FX Uptick in May

Data from three primary FX venues has confirmed earlier releases from platforms indicating that while spot FX activity rebounded in May from a poor April, it remains lower around 20-25% lower year-on-year. Refinitiv says its platforms handled $86 billion per day in May, up 6.2% from April but down 19.6% from May 2018 and it […]

Primary Venues Hit Lows; Confirm April FX Slowdown

Data from three primary venues in the FX market confirms numbers from last week suggesting that turnover in April slumped, with one reporting an all-time low in activity and two others the quietest month since 2016. Refinitiv reports average daily volume of $81 billion across its FX spot offerings, a 16.5% drop from March and […]

FX Volumes Dip In February

Anecdotal evidence that February was a much quieter month for FX markets is reinforced by the first set of average daily volume (ADV) data reported by FX trading venues with all showing a month-on-month decline and only one a year-on-year rise.
FXSpotStream reports ADV of $34.8 billion in February, down 9.4% from January, but up 20.8% from February 2018.
Elsewhere, CboeFX says it handled $34.5 billion per day last month, a 4.2% decline month-on-month and a 21.9% decline from February 2018 – a month in which the platform set its highest ADV to date at $44.2 billion.
Finally in the first group to report data, Euronext’s FastmatchFX says it handled $18.1 billion per day in February, down 9.5% month-on-month and down 14.2% year-on-year. The FastmatchFX Tape also saw a month-on-month decline at $64.5 billion of notional value reported, this is down 3.4% from January, but still reflects a very healthy year-on-year increase from what was its second month of reporting in February 2018 when it handled $26.6 billion.
Fastmatch volumes are for spot FX products only, while CboeFX is spot and NDFs and FXSpotStream data is for all FX products, including FX swaps.

Platform Data Confirms Decent December

Data from a second group of platform providers has reinforced the message from the first two releases that while it didn’t pull up too many trees, December 2018 was a solid month for most that ended a good year. All providers reporting increased activity in the whole of 2018 compared to 2017. There was a more mixed message in the month-on-month data with only three providers reporting an increase from November, but the year-on-year data generally speaking gave grounds for optimism amongst providers.